Why is Arihant Capital falling/rising?

As of 28-Oct, Arihant Capital Markets Ltd is experiencing a slight decline in its stock price, currently at 107.40, reflecting a change of -0.15, or -0.14%. The stock's performance today is in line with its sector, and it is trading higher than its 5-day, 100-day, and 200-day moving averages, although it is lower than its 20-day and 50-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 317.45% against the 5-day average, indicating heightened interest. Over the past week, the stock has shown a positive return of +6.97%, while its performance over the past month is down by -2.76%. Year-to-date, the stock has increased by +9.26%, which is favorable compared to its one-year return of -0.23%.
In the broader market context, the Sensex has outperformed Arihant Capital in the short term, with a return of +0.24% over the past week and +5.22% over the past month. This suggests that while Arihant Capital has seen some positive movement recently, it has not kept pace with the overall market trends. The stock's liquidity remains adequate, with a trading value of Rs 6.68 crore based on 2% of the 5-day average, which supports its ability to attract investors despite the recent decline. Overall, while there are positive indicators such as increased investor participation, the stock's recent performance relative to the benchmark and its mixed moving averages may be contributing to its current downward price movement.